Preceedings of 39th AGM held on 5th sep 2025
Awaiting price reaction for this filing.
Burnpur Cement Ltd held its 39th AGM on September 5, 2025 via video conferencing from 12:30 PM to 1:30 PM, chaired by Whole-time Director Mr. Indrajeet Kumar Tiwari. Five resolutions were passed: adoption of audited financial statements for FY ended March 31, 2025 (with no qualifications or adverse remarks in the auditor's report), appointment of M/s Bhagi Bhardwaj Gaur & Co. as the new statutory auditors for a 5-year term (replacing M/s Agarwal HP & Associates who resigned), appointment of M/s M & A Associates as secretarial auditors for FY 2025-26 to 2029-30, and ratification of cost auditor M/s Som Das & Associates' remuneration for FY 2025-26. Mr. Ritesh Aggarwal (liable to retire by rotation) will continue as Non-Executive Director, and independent directors Mr. Rajesh Sharma and Mrs. Poonam Srivastava were re-appointed for a second 5-year term from September 29, 2025. All board appointees are nominated by UV Asset Reconstruction Company Limited, which took control of the company under the SARFAESI Act 2002.
The AGM was routine with all resolutions approved, but shareholders should note that control of the company rests with UV Asset Reconstruction Company (an ARC), indicating Burnpur Cement remains in a debt-distressed/lender-controlled situation. The change of statutory auditors (mid-term casual vacancy due to the previous firm's resignation) is also worth monitoring for any underlying reasons.